Clean energy expert, Solarvest Holdings Berhad (Solarvest or the Group), has sealed a contract with Hevea KB Sdn Bhd (Hevea KB), a subsidiary of Halcyon Agri Corporation Limited, a global leader in natural rubber supply chain management listed on the Singapore Exchange. The agreement entails the installation of a 2.5 megawatt-peak (MWp) rooftop solar photovoltaic (PV) system at Hevea KB’s factory in Chemor, Perak.
Solarvest is appointed as the engineering, procurement, construction, and commission (EPCC) provider for this solar PV installation. Anticipated to generate 2.5 MWp of clean energy, this initiative aims to curtail Hevea KB’s reliance on the power grid, concurrently reducing its carbon footprint.
This collaboration marks the second joint project between Halcyon Agri and Solarvest, following a previous successful partnership involving their subsidiary, Euroma Rubber Industries Sdn Bhd (Euroma) in Kulim, Kedah. The Chemor, Perak rooftop solar PV system stands as the largest solar endeavor undertaken by Halcyon Agri thus far.
Mr. Li Xuetao (李雪涛), Executive Director and Chief Executive Officer of Halcyon Agri, highlighted the significance of such initiatives in propelling the natural rubber industry towards sustainability. Expressing alignment with environmental, social, and governance (ESG) goals, Mr. Li emphasized the pivotal role this solar PV system plays in supporting Malaysia’s objective of achieving carbon neutrality by 2050.
Mr. Davis Chong Chun Shiong (张俊雄), Executive Director and Group Chief Executive Officer of Solarvest, expressed gratitude for the continued trust of Halcyon Agri in Solarvest’s technical proficiency. Stressing Solarvest’s expertise in clean energy solutions, Mr. Davis projected a substantial reduction of 2,113 tonnes in CO2 emissions annually through this clean energy initiative.
Furthermore, Mr. Davis highlighted Solarvest’s strategic position across the Asia-Pacific region to reinforce Halcyon Agri’s sustainability endeavors. Emphasizing their commitment to sustainability, Mr. Davis mentioned Solarvest’s robust tender book, encompassing 2.2 gigawatts peak (GWp) in projects. These projects span large-scale power plants, commercial and industrial (C&I) initiatives, and international ventures, embodying Solarvest’s dedication to meeting the evolving demands for a greener, more sustainable future.